This bill requires each universal life insurance policy delivered or issued to anyone in Connecticut to include a notice on its cover in at least 12-point boldface capital letters.
The notice must read:
“The premiums that you pay for this policy may increase in the future.
It is important that you read and understand this policy.
”

Universal life insurance is a type of permanent life insurance that combines a death benefit with a savings element, which is invested to provide a cash value.